Candriam Luxembourg S.C.A. Takes $7.46 Million Position in Baker Hughes, a GE company Class A (BHGE)

Candriam Luxembourg S.C.A. purchased a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 203,759 shares of the company’s stock, valued at approximately $7,462,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. bought a new position in Baker Hughes, a GE company Class A in the third quarter worth approximately $219,160,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $43,351,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $38,183,000. New York State Teachers Retirement System purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $25,393,000. Finally, APG Asset Management N.V. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $24,992,000.

Shares of Baker Hughes, a GE company Class A (BHGE) traded up $0.21 during trading hours on Friday, hitting $32.95. 2,400,842 shares of the company’s stock were exchanged, compared to its average volume of 3,770,000. Baker Hughes, a GE company Class A has a 1-year low of $29.62 and a 1-year high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its quarterly earnings data on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A’s revenue was up 77.7% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be paid a $0.18 dividend. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, November 3rd.

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In other news, insider Matthias L. Heilmann bought 1,500 shares of the stock in a transaction dated Thursday, October 26th. The stock was purchased at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the acquisition, the insider now owns 3,500 shares of the company’s stock, valued at $105,140. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lorenzo Simonelli bought 6,100 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $32.99 per share, with a total value of $201,239.00. Following the acquisition, the insider now directly owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this purchase can be found here.

A number of analysts have recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Friday, November 3rd. Cowen and Company reissued an “outperform” rating and issued a $55.00 price objective on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 price objective (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $38.00 price objective (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Saturday, August 12th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Baker Hughes, a GE company Class A has an average rating of “Hold” and a consensus target price of $40.74.

Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes, a GE company Class A (NASDAQ:BHGE).

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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